Tds wrongly deducted @ 10% and paid instead of 2% of qtr.2
This query is : Resolved
Brijesh Pandey
(Querist)
20 October 2014
Dear Sir,
I have wrongly deducted TDS @ 10% and paid thru challan and also return of the same qtr. has been filed of which the rate of TDS is 2% u/s 194C. As i have already make payment for the same and also return has been filed for the same, then how can i adjust the excess amount in subsequent month/quarter for payment/filling return.
Please help me in this regard and also define the steps to file the return of the next qtr after adjusting the same.
I have wrongly deducted TDS @ 10% and paid thru challan and also return of the same qtr. has been filed of which the rate of TDS is 2% u/s 194C. As i have already make payment for the same and also return has been filed for the same, then how can i adjust the excess amount in subsequent month/quarter for payment/filling return.
Please help me in this regard and also define the steps to file the return of the next qtr after adjusting the same.
CA R SEETHARAMAN
(Expert)
20 October 2014
Revise TDS return with correct rate and adjust the excess payment in the next quarter.
20 October 2014
You can adjust excess TDS paid in subsequent period, refer :
https://www.simpletaxindia.net/2013/09/deductor-can-adjust-excess-tds-in-next.html
https://www.simpletaxindia.net/2013/09/deductor-can-adjust-excess-tds-in-next.html
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